Multi-billion Euro conglomerate Tata has dreams of owning a stake in Italy's scarlet sports car mker Ferrari. Chairman Ratan Tata will be looking around Italy for opportunities relating to design and the luxury sectors.
Not a week goes by without mention of Tata Motors in media. Fortunately it is all good news for the India-based conglomerate. Currently finalizing its pending purchase of the Jaguar and Land Rover brands, Tata is now hoping to add another European feather on its cap. Ferrari.
Tata chairman Ratan Tata admitted he would like to buy into Ferrari in L’Espresso, an Italian weekly news magazine.
“I have two passions in my life,” he is quoted, “cars and aircraft. I have always dreamed of being able to be a fighter pilot. And I confirm the wish to participate in Ferrari's shareholding
“[Fiat and Ferrari chairman] Luca di Montezemolo has invited me to look around in Italy because his country offers a lot of opportunities in the design and luxury sectors."
Fiat and Tata Motor have an alliance in India, while Ratan Tata is a board member of Fiat. Very soon the cheap-as-dust Nano will be launched for sale in India, with rollouts planned for much of the rest of the world. Slowly but surely Tata is becoming a force to be reckoned with in the auto industry and may end up the Toyota of India. It’s possible.